Lake Tansi Village Property Owners Association Inc

Organization Overview

Lake Tansi Village Property Owners Association Inc is located in Crossville, TN. The organization was established in 1984. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Lake Tansi Village Property Owners Association Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Tansi Village Property Owners Association Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 12/2023, Lake Tansi Village Property Owners Association Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZED FOR THE PURPOSE OF ESTABLISHING, MAINTAINING AND OPERATING THE RECREATIONAL FACILITIES AT LAKE TANSI VILLAGE, CROSSVILLE, TENNESSEE, FOR THE USE AND BENEFIT OF THE ASSOCIATION'S MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LAKE TANSI VILLAGE IS LOCATED IN CROSSVILLE, TN, HIGH ATOP THE CUMBERLAND PLATEAU. BOASTING THE PLATEAU'S LARGEST LAKE OF 550 ACRES, LAKE TANSI HAS PLENTY TO OFFER IT'S MANY MEMBERS AND GUESTS.


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Board, Officers & Key Employees

Name (title)Compensation
Gary Dillon
General Manager
$77,714
Larry Williams
Treasurer
$65,032
Patricia Steinmann
Secretary
$46,290
Quinn Freitag
Director
$0
Brad Cramer
Director
$0
J H Graham III
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,651,293
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,651,293
Total Program Service Revenue$1,156,637
Investment income $11,184
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $449,955
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $77,261
Miscellaneous Revenue$0
Total Revenue $4,399,228

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